Talos Energy increases 2024 production predictions early following $1.3 billion QuarterNorth Energy acquisition

March 12, 2024

(WO) – Talos Energy Inc. provided updated 2024 operational guidance to reflect the closing of the QuarterNorth Energy Inc. acquisition earlier than expected.

Source: QuarterNorth Energy

For the full year 2024, Talos expects average daily production between 89,000 and 95,000 boed, an increase from the previous guidance of between 87,000 and 93, 000 boed. This updated guidance includes approximately ten months of QuarterNorth contributions, as well as expected planned downtime and risking for unplanned downtime and weather-related events.

For the first quarter 2024, Talos expects average daily production between 78,000 and 80,000 boed, an increase from the previous guidance of between 70,000 and 72,000 boed. First quarter guidance includes March impacts of approximately one month of contribution from QuarterNorth, partial impact of the planned HP-I dry-dock shut-in and planned downtime at the Tarantula facility, impacting production from the Katmai field.

QuarterNorth operates and holds a 50% working interest in the Katmai discovery in the Green Canyon region, producing an estimated combined 27,000 boed gross from two early-life wells.

Talos expects the Katmai field to produce over 34,000 boed gross on average with minimal decline over the next several years based on a successful field development plan including two future well locations and a facilities upgrade project in early 2025.


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